The Citizens' Scholarship Foundation of America (CSFA) has announced that it has reached its fundraising goal of $100 million for the Families of Freedom Scholarship Fund, the sole purpose of which is to provide financial assistance for college to the spouses and children of the almost 3,000 people killed in the September 11 terrorist attacks.
The Fund, which was established last September by CSFA and the Lumina Foundation for Education and is co-chaired by former President Bill Clinton and former U.S. Senator Bob Dole, has received more than 20,000 gifts from individuals, organizations, corporations, and foundations worldwide. Large contributions to the Fund include $20 million from the Citigroup Relief Fund, $10 million from DaimlerChrysler's Help the Children Fund, and $8 million from Major League Baseball's owners and players. The total of $105 million will be distributed over the next thirty years, with awards ranging from $1,000 for students with little or no financial need to $28,000 for those with great need.
"I have been truly inspired by the overwhelming support that this special Fund has received from people around the world," commented former President Clinton. "As we approach the one-year anniversary of 9/11 and the Fund's creation, I can think of no better tribute to our fallen heroes than to ensure that their loved ones can realize their dreams of a higher education. Working with Senator Dole and [the] Citizens' Scholarship Foundation of America on this worthy project has been a privilege."
CSFA also announced a new initiative, Families of Freedom 2: Building Futures Through Education Scholarship Fund, to help provide postsecondary education scholarships for people who live or work in Lower Manhattan, including business owners who lost or experienced a decline in business due to the terrorist attacks, employees who lost their jobs, and their spouses and children. The $10 million fundraising campaign is underway with a lead gift of $3 million from the AXA Foundation, the philanthropic arm of New York-based AXA Financial, Inc.